|Published : 16 Apr 2017, 18:34:09|
‘Remove NTBs in SAARC for economic development’
FE Online Report
Removal of non-tariff barriers, harmonisation of customs rules and better connectivity among the SAARC member countries are necessary for economic development.
Speakers expressed this view at a discussion on Sunday at a hotel in Dhaka.
SAARC Chamber of Commerce and Industry and the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) organised the discussion titled “Unleashing South Asia: Imperatives for Action: Revitalising SAFTA: Beyond Barriers”.
Vice- President of SAARC CCI (Bangladesh) and also vice-president of FBCCI Mahbubul Alam delivered the address of welcome.
At the discussion, participants stressed on the need to involve the public and private sector stakeholders to deliberate upon the issues pertinent to implementation of South Asian Free Trade Agreement (SAFTA).
They said over the last 25 years, SAARC has managed to create situations, institutions and forums to hold each other’s hands and go into talks together.
Adviser to the Prime Minister of Bangladesh for private sector and business Salman F Rahman said the SAARC regions are the most highly protected region across the world. These regions lag behind in opening the vistas of foreign completion, trade facilitation, free movement of goods and services and attracting foreign direct investment (FDI).
President of SAARC CCI Suraj Vaidya said the body has yet to deliver its promise to fulfil the high aspirations of its people in the face of current global economic and financial crisis.
“SAARC’s new vision could be seen as a bridge between East Asia, rich in its human resources and technology and West and Central Asia, rich in natural resources and finance,” he added.
Representatives from the private sector of SAARC countries and government officials among others, were present.